Woolworths shareholders approve David Jones deal

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IOL pic jun17 Woolworths store signage Independent Newspapers File picture: Simphiwe Mbokazi

Cape Town - Shareholders of Woolworths on Tuesday approved the South African retailer's $2 billion acquisition of Australia's David Jones.

Shareholders also backed the company's plan to issue up to 30 percent its stock for a rights offer to partly fund the deal. - Reuters

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